The cryptocurrency market is set for another week of significant events and potential volatility. Understanding the major occurrences and their dates can help investors make informed decisions. Upcoming discussions by central bank officials and critical economic data releases are particularly noteworthy. A deep dive into this week’s top events and their potential market impacts. Stay
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SunPump Launches AI-Powered Token Issuance Feature
SunPump Launches AI-Powered Token Issuance Feature Justin Sun, the founder of TRON (TRX) , announced the official launch of SunPump’s AI-powered token issuance feature . The platform, which focuses on TRON-based meme coins , aims to simplify the token creation process by leveraging artificial intelligence, making it more accessible to a broader range of users. Key Highlights: AI-Driven Token Issuance : The new feature allows users to create and customize tokens effortlessly using AI tools. Ideal for individuals and businesses exploring opportunities in the meme coin market . TRON Ecosystem Integration : Built on TRON’s blockchain, SunPump provides high-speed, low-cost transactions for token creators. TRON’s robust infrastructure ensures scalability for growing token communities. Market Impact : Following the announcement, SUN , TRON’s utility token, is trading at $0.02127 , up 2% today (as per CoinMarketCap ). Why It Matters: Lower Barriers to Entry : The AI-powered feature simplifies the technical complexities of token creation, enabling non-technical users to participate in the crypto space. Meme Coin Evolution : By automating token issuance, SunPump aims to redefine the meme coin landscape , encouraging creativity and innovation. Adoption Boost for TRON : This initiative could attract more developers and users to the TRON ecosystem, enhancing its role as a hub for decentralized applications and token projects. What’s Next? With SunPump’s AI-powered feature live, Justin Sun continues to promote innovation in the crypto space. The tool’s success could lead to an influx of new tokens on the TRON network, potentially driving further adoption and market activity . To learn more about the innovative startups shaping the future of the crypto industry, explore our article on latest news, where we delve into the most promising ventures and their potential to disrupt traditional industries. CoinOtag
BITGET TOKEN PRICE ANALYSIS & PREDICTION (December 26) – BGB Posts Major Gains To Lead Daily Altcoins Rally, Remains Bullish
Most exchange-based tokens are defying the odds amid the latest market drops. As they continue to show signs of recovery, BGB leads the current daily surge with 17% gains in the last 24 hours. Despite the recent crackdown across the crypto space, BGB showed signs of strength with a back-to-back gain in the past weeks. It pushed above $5 this week and is now on the verge of taking $7. Looks highly bullish on the daily chart. While the bulls currently appear more formidable amid dominance, the price is expected to close strong this week. Although the current market drop may affect this target price if supply increases. However, it is crucial to note that this ongoing bullish move was mainly initiated in October after a flash crash to the $0.53 level. Looking back from there to where it currently trades, BGB has seen a staggering gain. That said, the daily bias is still considered bullish following a higher high and higher low pattern on the 4-hour chart. Failure to sustain this pattern may result in a major retracement. For now, it remains under the bulls’ radar. Aside from BGB, other centralized exchange – CEX-based tokens included in today’s rally are FTT, OKB and GT – up by 10% today with BNB posting 1% gains in the last 24 hours. BGB’s Key Level To Watch Source: Tradingview Currently, there’s no key resistance on the way up. But the key potential level to consider amid the latest surge is $8, followed by the psychological $10 level. The next levels to watch above it are $12, 14 and $16. If a pullback occurs, the closest line of support is $4.9. The $3.5 level is the next support to consider for drops. A deep correction from there may slide the price to the $2.41 level before rebounding. Key Resistance Levels: $8, $10, $12 Key Support Levels: $4.9, $3.5, $2.41 Spot Price: $6.39 Trend: Bullish Volatility: High Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services. Follow us on Twitter @nulltxnews to stay updated with the latest Crypto, NFT, AI, Cybersecurity, Distributed Computing, and Metaverse news ! CoinOtag